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60 seconds of Economics

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The Invisible Hand - 60 Second Adventures in Economics (1/6)

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(1.)Was Adam Smith was a...

-a. philosopher

-b. bank teller

-c. cardiologist

-d. president of the US

(2.) what did Adam Smith decide was best for the Economy?

-a. decide we need a president

-b. enforce cops on the streets

-c. The Free Market

-d. schools

(3.) What year was Adam Smith Born?

-a. 1950

-b. 1723

-c. 1472

-d. 1790

(4.) Where was Adam Smith Born?

-a. Kirkaldy

-b. Italy

-c. Saudi Arabia

-d. California

(5.) What was 1 Collage Adam Smith Studied at?

-a. University of Michigan

-b. Michigan State University

-c. Kirkaldy HIgh

-d. Balliol College

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Adam Smith was born and raised in Kirkaldy, UK in June 5th, 1723

Adam smith then died in Edinburgh UK in July 17, 1790

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Father of Capitalism/ Modern Economics

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Economic growth in marketing caused by Adam Smiths idea of the "Free Market"

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Symbol to represent how useful the Free Market is to this day

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Brief Concept of Adam Smiths Idea of the "Free Market"

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-Free market is important because it gives power to the people and not giving all the power to 1 person or group of people

-System in which prices for good and services are set freely by consent between sellers and consumers. Free from intervention of gov't

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Philosopher

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-Theory of Moral Senttments

-Inquiring into nature and causes of the wealth of nations

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He was born and Raised in Kirkaldy, UK

He was born on June, 5th, 1723

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Adam Smith Studied at:

* Balliol College

* University of Glasgow

* Uniersity of Oxford

*University of Edinsburgh

*Kirkaldy high